58,727 Shares in Navitas Semiconductor Corporation $NVTS Bought by Kingsview Wealth Management LLC

Key Points

• Kingsview Wealth Management opened a new Q2 position in Navitas, buying 58,727 shares worth about $385,000, while institutional investors now own roughly 46.14% of the company.
• Significant insider selling has occurred recently: CFO Todd Glickman sold 96,313 shares and Director Brian Long sold 750,000 shares, with insiders offloading 2,802,254 shares (~$17.12M) in the last quarter and now holding 29.90% of the stock.
• Fundamentals and analyst view are mixed: Navitas reported EPS of -$0.05 (in line with estimates) and revenue of $10.11M, down 53.4% year-over-year with negative margins, and analysts' consensus is a "Hold" with an average price target of $6.48 (Needham is an outlier at $13/buy).

Kingsview Wealth Management LLC purchased a new position in shares of Navitas Semiconductor Corporation (NASDAQ:NVTS - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 58,727 shares of the company's stock, valued at approximately $385,000.

Other large investors have also added to or reduced their stakes in the company. Cranbrook Wealth Management LLC purchased a new position in shares of Navitas Semiconductor in the second quarter worth about $25,000. Benjamin Edwards Inc. acquired a new position in Navitas Semiconductor in the 1st quarter worth approximately $31,000. ST Germain D J Co. Inc. purchased a new position in Navitas Semiconductor during the 2nd quarter worth approximately $33,000. PNC Financial Services Group Inc. raised its position in Navitas Semiconductor by 1,510.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 7,424 shares of the company's stock worth $49,000 after buying an additional 6,963 shares during the last quarter. Finally, Boyd Wealth Management LLC acquired a new stake in Navitas Semiconductor during the 2nd quarter valued at approximately $66,000. Hedge funds and other institutional investors own 46.14% of the company's stock.

Insider Buying and Selling

In other Navitas Semiconductor news, CFO Todd Glickman sold 96,313 shares of the firm's stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $10.56, for a total value of $1,017,065.28. Following the sale, the chief financial officer directly owned 891,268 shares of the company's stock, valued at approximately $9,411,790.08. This trade represents a 9.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brian Long sold 750,000 shares of the company's stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $5.84, for a total value of $4,380,000.00. Following the transaction, the director directly owned 2,670,991 shares of the company's stock, valued at approximately $15,598,587.44. The trade was a 21.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,802,254 shares of company stock worth $17,115,955 in the last quarter. 29.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

NVTS has been the topic of a number of research reports. Jefferies Financial Group upgraded shares of Navitas Semiconductor to a "hold" rating in a research note on Tuesday, October 28th. Morgan Stanley set a $4.40 price target on Navitas Semiconductor in a research report on Tuesday, August 5th. Rosenblatt Securities reiterated a "neutral" rating and set a $8.00 price objective on shares of Navitas Semiconductor in a research note on Monday, November 10th. CJS Securities cut Navitas Semiconductor from an "outperform" rating to a "market perform" rating in a report on Monday, August 18th. Finally, Needham & Company LLC raised their target price on Navitas Semiconductor from $8.00 to $13.00 and gave the stock a "buy" rating in a report on Tuesday, November 4th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $6.48.

Navitas Semiconductor Stock Performance

NVTS opened at $7.56 on Friday. The company has a fifty day moving average of $9.65 and a two-hundred day moving average of $7.28. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of -11.81 and a beta of 3.10. Navitas Semiconductor Corporation has a fifty-two week low of $1.52 and a fifty-two week high of $17.79.

Navitas Semiconductor (NASDAQ:NVTS - Get Free Report) last posted its earnings results on Monday, November 3rd. The company reported ($0.05) EPS for the quarter, meeting analysts' consensus estimates of ($0.05). Navitas Semiconductor had a negative return on equity of 14.86% and a negative net margin of 220.85%.The firm had revenue of $10.11 million for the quarter, compared to analysts' expectations of $10.00 million. During the same period last year, the firm earned ($0.10) EPS. The company's quarterly revenue was down 53.4% on a year-over-year basis. Navitas Semiconductor has set its Q4 2025 guidance at EPS. On average, equities research analysts forecast that Navitas Semiconductor Corporation will post -0.51 earnings per share for the current year.

Navitas Semiconductor Profile

Navitas Semiconductor Corporation designs, develops, and markets gallium nitride power integrated circuits, silicon carbide, associated high-speed silicon system controllers, and digital isolators used in power conversion and charging. The company's products are used in mobile, consumer, data center, solar, electric vehicle, industrial motor drive, smart grid, and transportation applications.

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